Values Surge Despite Persistent Worries
The 25th Edition of The Senior Care Acquisition Report is almost ready, but get your sneak preview and analysis in our upcoming webcast. We are diligently working on the 2020 edition of the Senior Care Acquisition Report, which we hope to have ready for publication by the end of the month. It will be the 25th edition of this market-leading report, and it has valuable M&A statistics that you will not find anywhere else, including trends over multi-year periods. Well, that is not exactly true. Next week we will be releasing some of those statistics in our annual webcast on the state of the seniors housing and care M&A market. Our panel will include brokers from Cushman &... Read More »
Walker & Dunlop Finances Another Cascade Capital Group Acquisition
Walker & Dunlop’s Joshua Rosen arranged bridge financing for Cascade Capital Group’s acquisition of a 136-bed supportive living facility in Aurora, Illinois. Totaling over $11.0 million, the debt was structured and provided by W&D’s bridge lending program, which utilizes the company’s own balance sheet. It came with a nine-month term and full term of interest-only payments and allow Cascade to quickly execute on the acquisition. The loan also features flexible prepayment options, and Cascade expects to refinance through HUD later this year. If this sounds familiar, it’s because in August 2019, Walker & Dunlop provided a $12.8 million loan from its balance sheet to cover 100% of... Read More »
OREC Securities Leads Cape Cod Sale
Late last month, we learned of Walker & Dunlop’s involvement in structuring acquisition financing for a senior care campus on Cape Cod. Now, it’s revealed that the OREC Securities team of Laca Wong-Hammond, Chad Elliott, Kevin Laidlaw and Aaron Becker led the sale on behalf of the seller. Located in the town of Brewster, Massachusetts, the property consists of a 135-bed skilled nursing facility built in 1995 and a 59-unit assisted living community that was added in 2007. Both were well occupied, but the owner/operator, Joshua Zuckerman, wanted to retire from the business. OREC, the investment banking affiliate of Lancaster Pollard, was originally brought on to sell the SNF and AL... Read More » Walker & Dunlop Announced Cape Cod Closing
Walker & Dunlop both structured and provided $28.3 million in acquisition financing for the new owner of a 194-bed senior care campus in the Cape Cod town of Brewster, Massachusetts. Coming with a two-year term and interest-only payments throughout the life of the loan, the financing covers about 90% of the acquisition costs, leaving the borrower with funds to execute on some renovations at the facility. That borrower was The Pointe Group, a private, family-owned and locally managed senior living and rehabilitation provider in Massachusetts. Previously owned and operated by Joshua Zuckerman, who wanted to retire from the business, the 135-bed SNF was built in 1995, while the 59-unit... Read More »